The nasdaq head of the highest close this year. Take a look at the s p 500 intraday chart. We are at a record high. 2140, thats passed the record close of 2131 and the record intraday high of 2134. We have the functional on the bloomberg showing the most sectors are now in positive territory, except for utilities, is the defensive play on this risk on environment. We also have a rate Interest Rate risk if the fed tightens. Gainers. Percentage take a look at these, theres a copper miner. This is up 5 coming of candor morgan up 4 . You have candor morgan up 5 . Look at these percentage losers as well. You have transocean that has been downgraded to a cell. Vonnie whats happening . Shery treasuries now following, we of this risk on appetite and u. S. Government bonds are pulling back 10 year treasuries after reaching record lows. Yen a look at the japanese falling against the dollar 2. 3 after they announced the stimulus plans and japan. Its falling the most since october 31 of 2014, a ha
1. 56. And japan has moved up. Theres another big story for the markets. Crude hanging right around that 40 level. Left out by a thread. Okay. Lot of cliches today. More coming of course. Including our road map. Pfizer lower, while Procter Gamble is higher. Were going to dig into both of those reports. Warren buffett slamming donald trump while campaigning for Hillary Clinton last night in omaha. And shares of williams are higher this morning on earning. I talk to the ceo about cutting its dividend. Saga with. And more. All right. As the dough looks to break the six session losing streak, pfizer beating the street with Quarterly Results. Helped by new sales. Procter gambles Fourth Quarter results also ahead of consensus but the company says it expects currency fluctuations to disproportionately effect Current Quarter earnings. Where do we start . Why dont we start with proctor. The fact is the organic quote buzz. The last Conference Call was really widely about currency issues. So they
He didnt know about the emission cheating devices until weeks ago. German prosecutors raid vw headquarters. Welcome to the program. Are they being pushed out . Sepp blatter and Michel Platini have been provisionally suspended for 90 days by the organizations Ethics Committee. Both men are banned from caring out the official functions. The move comes after swiss prosecutors opened an investigation into a payment that sepp blatter made to Michel Platini in 2011. Sepp blatter was his most powerful back in may when he was elected a fifth time despite corruption allegations. His empire has crumbled since then. The Ethics Committee decision means his career officially over. He cannot even visit a football match. The german president spoke. Ifo must start again as far as personnel is concerned. The future can only be shaped without sepp blatter. Fifa must start again as far as personnel is concerned. The new interim head of fever has also been dashed of fifa fifa has also been accused. Joinin
Improving economy means that the feds timetable for starting to tighten needs to change. With respect to Monetary Policy over the medium run, they generally agreed that labor Market Conditions and inflation had moved closer to the committee longrun objectives in recent months. They most anticipated progress towards the goals continuing. Moreover, many participants the key word there, many noting that it occurred more quickly than expected and it might become appropriate to begin removing Monetary Policy accommodation sooner than they currently anticipated. The key word there being many. Why are they entertaining this idea . Thee participants in meeting see improvement in the labor market specifically . Disciplines generally agree that the recent improvement in labor Market Conditions and cumulative progress over the past year had been greater than anticipated and that labor Market Conditions had moved noticeably closer to those viewed as normal in the long run. Assessments of the remai
How is this for a ringing endorsement of the economy . The economy continued to expand across most regions from mid february through the end of march. Demand for manufactured products , we can act weakening activity and the harsh winter weather. Not anything we did not know. Speaking oil prices, investment in oil and gas drilling declined. Laos related to the decline in oil and gas prices recorded this reported in multiple districts. Despite the decline in permits into new investment, overall production in the oil and gas sector remains strong to increasing. A majority of districts report higher retail sales. They cite consumer savings from Lower Energy Prices as helping to boost transactions. This is still a mixed picture. A number of districts including boston, minneapolis, San Francisco recording higher retail sales. Business service firms, some good news. Rising activity. They expect positive nearterm growth in that. As for the labor market the feds question should they raise rates